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Lê Thành
Lê Thành is 12% done with The Fiat Standard: Debt Slavery Alternative to Human Civilization
Fiat money doesn't back by fiat. It backs by gold, and hard assets.
Jan 11, 2023 07:21PM Add a comment
The Fiat Standard: Debt Slavery Alternative to Human Civilization

Lê Thành
Lê Thành is 10% done with The Fiat Standard: Debt Slavery Alternative to Human Civilization
Network topology: Fed run one full node, any partial node nearer to the fed can issue new token with lower interest-rate. Supply increased flexible by creating new debt from thin air.
Jan 08, 2023 08:22PM Add a comment
The Fiat Standard: Debt Slavery Alternative to Human Civilization

Lê Thành
Lê Thành is 10% done with The Fiat Standard: Debt Slavery Alternative to Human Civilization
What an eye opening chapter! CEO Richard Nixon of the fiatcurrency company discourage customers to self custody gold. Then he dump fractionally backed paper to his customers (foreign regime). After the default (limit gold withdrawal from US exchange) the price of the shitcoin US Dollar gone off the cliff.
Jan 06, 2023 06:56PM Add a comment
The Fiat Standard: Debt Slavery Alternative to Human Civilization

Lê Thành
Lê Thành is 9% done with The Fiat Standard: Debt Slavery Alternative to Human Civilization
The implementation of genesis blocks of fiat system in 1920s is so complex and convoluted. US lending to UK then UK dumping here and there to keep the fractional reserve of gold coin. I already confused while reading the first chapter.
Jan 05, 2023 08:40PM Add a comment
The Fiat Standard: Debt Slavery Alternative to Human Civilization

Lê Thành
Lê Thành is finished with Norwegian Wood
I will read again with the interpretation that
*spoiler*



"Reiko Ishida is an evil woman."
May 29, 2022 12:44PM Add a comment
Norwegian Wood

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